Metropolitan Development Council

Analysis

Metropolitan Development Council is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 1965, 61 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Metropolitan Development Council reported income of $23.0m and spending of $25.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.5m to $23.0m (+18%), an average of +4.2% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metropolitan Development Council sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include South Alabama Regional Planning Commission ($23.0m), Deep East Texas Local Workforce Development Board Incorporated ($23.1m) and Change Incorporated ($22.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $285k (1.1% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $23.4m against liabilities of $19.1m, net assets of $4.3m. It reported 270 employees.